Strong gains we saw yesterday bounce up 2 for the benchmark even higher for some of the major markets like france, germany and italy. All 2 1 2 to 3 the range. Wall street is shot for the 4th of july holiday. Lacking a little more direction, continuing to see a spike in virus cases. We traveled a long way good news on the addition of new jobs to the economy again, and also news around viruses, vaccines to defeat the virus so the markets at this stage just a little bit more nervous around some of the negative news what weve got on those individual boards, this is how it looks for the german stock market, about a 10th of a percent plus thats as good as it gets on the optimism youre seeing on these boards we are down 6 10 on spanish stocks 3 10 on italy and 12 in the u. K. And france it is a reversal in the strong gains we witnessed in the thursday session the sectors, lets xi how its moving about the top has been technology. Retail is positive construction material, utilities, travel, le
Underperforms. U. S. Energy tells cnbc he thinks the worst has passed i think with the rest of this conversation with opec was sim simply to do that. A bailout of the air sector fails to lift. Banks also underperform after jp morgan and wells fargo see their bottom lines hit the imf warns the Global Economy is facing the worst down turn saying at least the Financial System is in Better Health than it was in the 1930s. On the economic front, it makes a big difference there are lenders of last resort they are able to come in and show sufficient liquidity and play a major role in supporting funds and households we have an Important Oil report just crossing let me walk you through the latest it has said Global Oil Demand will fall by a record breaking amount because of the lockdowns due to covid19. It has brought mobility almost to a halt. Crude will drop an average of 9. 3 Million Barrels a day in 2020 that is a record demapped in april will fall by 29 Million Barrels a day to a level not
Being banned in america. Shou zi chew released a video on tiktok threatening legal action and warning that if the bill becomes law it will mean the end of tiktok for its 170 million users in the us. Heres some of that video. Hi, everyone, its shou here. Just wanted to share some thoughts with our us users on the disappointing vote in the house of representatives. There has been a lot of misinformation and i hope to clarify some things. First, thank you to all of our incredible community, you are what makes tiktok so special. Thank you for making your voices heard. Over the last few years, we have invested to keep your data safe and our platform free from outside manipulation. We have committed that we will continue to do so. This legislation, if signed into law, will lead to a Ban On Tiktok in the United States. Even the bill sponsers admit that is their goal. This bill gives more power to a handful of other social media companies. It will also take billions of dollars out of the pocke
In on that breeze. Not a bad day, actually, for many of us. Some Sunshine Looks like it could break through. And, again, were in that milder air with temperatures up to around about 1a to 16 for most of us. This is bbc news, the headlines redefining extremism at the uk government names groups that are a cause for concern and could face restrictions. Us Senate Majority leader Chuck Schumer says Benjamin Netanyahu is a major obstacle to peace as israel vows to push ahead with its rafah offensive. Elon musk s Spacex Mission is hailed a success even though the Starship Rocket is lost on re entry to earth. Tiktok warrants a us ban could cost us businesses billions of dollars and thousands ofjobs. And for the first time in its history, glastonbury will have to female Headline Acts. Find out which artists get the prestigious sports. Just before we go to business, some Breaking News to bring you involving a plane which was carrying the defence minister grant shapps on his way back from poland
now president biden is about to make a speech at the j.f.k. library museum billed as his own cancer moon shot. can this president at this time and with this day amid this acrimony do anything close? we re all over it with molly line in boston where the president is about to speak. former george w. bush speechwriter, bill mcgurn whether this president is about to make a big mistake. and walter cunningham on why a president aiming for the stars is very different from a president aiming for something else. welcome, everybody. i m neil cavuto. on this historic day, a president trying to make history himself. let s go to molly line in boston with how he intends to do that. molly? good afternoon, president biden making his first stop here in boston at logan airport. stopping by terminal e where a infrastructure project is underway. that is also where he teased his far more high profile event today. talking about my commitment to defeating cancer. this is a in 62, the moon sho